The Canadian province with the fastest-growing soybean area in recent years has been Manitoba where it has expanded 103 percent since 2012. This has been made possible by two particular factors. Brazil's Revised Crop Estimates Today the Brazilian government’s crop supply agency (Conab) reduced its estimates again for that country’s soybean and corn crops. It lowered the 2016 soybean crop estimate from 95.6 MMT to 95.57 MMT. That would be about 7 MMT less than many analysts were predicting early in the growing season before dry weather impacted yields.Conab also trimmed its forecast for the winter corn crop from 50 MMT to 43.05 MMT and cut total corn production in the current crop year from 76.22 MMT to 69.14 MMT. The corn projections are...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.